As we all know, 80% of the price of a PV module is based on the cost of raw materials. At the beginning of 2021, Eco Green Energy saw a continuous price rising of solar modules. Besides, the price changing of raw materials had affected the entire PV supply chain. Here we listed several points for your references.
Polysilicon Prices Continue to Rise
Recently, polysilicon quotation of local major suppliers is continuously rising. Moreover, it increased another 10% compared to Q4 2020. Then, for overseas markets, due to the prevention and control of COVID-19, the speed of logistics for imported polysilicon slowed down. As well as the duration of clearance, shortages of shipping containers, and the rise in the freight cost. All these reasons affected the overseas quotations for polysilicon. As a result, module prices have increased, and this will continuously influence the monocrystalline silicon products.

(Source: ENERGYTREND, price updated on 7 April 2021)
Price Increasing of Different Silicon Wafers
On 10 April, the Chinese wafer maker announced its latest wafer price. Different wafers, such as G12 (210mm), M6 (166mm), G1 (158.75mm), had a different price increase.

(Source: Zhonghuan announced monocrystalline silicon wafers’ price, RMB/pc)
We can see the price increased 0.17RMB/pc for the G12 wafer, and 0.3RMB/pc for both M6 and G1 wafers. Then, from the price increases, it seems to have the intention to lead solar module manufacturers to adopt G12 wafers.

(Source: LONGi announced monocrystalline silicon wafers’ price, RMB/pc)
From the above price trend of wafers, we may expect a good market potential for solar modules with M10 wafers. As for Eco Green Energy, we are processing the TUV SUD certificate for new generations of ATLAS and ATLAS PRO series. These two new modules will use M10 and G12 wafers. Besides, the new generation products will be produced in Eco Green Energy’s new 1GW factory, which is expected to be finalized in June 2021.

Effect on Entire PV Supply Chain
Raw materials shortage including polysilicon, glass, EVA, silver, copper, and aluminum, etc., has already influenced the whole industry. We can look at Inverters as an example. The inverter suppliers, GoodWe and Growatt, both announced to increase 10% – 15% of their products’ price. And the price increasing will start from 12 April and 13 April. The knock-on effect of the price increase due to the shortage of raw materials continues to ferment. Then, many inverter manufacturers are on the way to increase prices.
Then, in a conclusion, the turbulence of the solar PV supply chain will last at least three months or longer. Unless the supply and demand will further improve and rebalance again.
If you want to know more information about Eco Green Energy, please do not hesitate to contact us: info@eco-greenenergy.com